viewK2fly Ltd

K2fly one of the top performers on the ASX today

Positively, last month the executive chairman purchased shares on-market.

man with briefcase running up a share price arrow
The company supplies people and products to asset-intensive industries

K2fly Limited (ASX:K2F) shares are trading up 16.2% today or 3.5 cents higher to 25 cents per share.

The most recent market update the company had was on 31 May 2018 where it revealed it had won a short-term interim systems integration contract with Western Power.

Western Power is a Western Australian State Government owned corporation which is responsible for building, maintaining and operating an electricity network which connects over 1.1 million customers.

Up to $550,000 revenue over 3-4 months

The assignment will see K2fly providing leading edge support to the business function relating to a customer relationship management program.

The contract will run for about 3-4 months and due to its size, it will make a material contribution to K2fly’s revenues for FY2019.

The revenues arising from this contract are expected to be up to $550,000.

A technology company targeting asset-intensive industries

K2fly is a technology company which targets asset-intensive industries.

It supplies people and products, and has strategic alliances focussed on solving problems for clients.

K2fly owns the following technologies for use in tier I companies:

• Infoscope: A data collaboration solution;
• ADAM: asset data analysis management; and
• NovIn: real time asset inspection management app.

K2fly also re-sells software and has strategic alliances with global technology companies such as GE (NYSE:GE) and SAP (ETR:SAP).

Quick facts: K2fly Ltd

Price: 0.185 AUD

Market: ASX
Market Cap: $15.11 m

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